5 Things to Know Today Your morning briefing on what's moving Canadian wallets and markets — Thursday, June 5, 2026. 1 / Benefits Your Grocery Benefit Cheque Lands Today Today is the day millions of Canadians have been watching their bank accounts for. The federal government is issuing a one-time Canada Groceries and Essentials Benefit (CGEB) top-up to more than 12 million eligible Canadians starting June 5, 2026. The payment equals roughly 50% of your annual GST/HST credit entitlement — so if you normally receive that credit, expect to see a notably larger-than-usual deposit. The numbers: a family of four could receive up to $1,890 in 2026 (including the top-up), while a single person could receive up to $950 . Your bank statement may still label the deposit as "GST/HST Credit" or "GST/HST RC150" — that's normal. The full rebrand to CGEB takes effect July 3, 2026, when the regular quarterly payments resume at a permanent 25% increase for the next five...
Common Credit Card Mistakes
Here are some common credit card mistakes that even high-credit score mavens make:
1. Carrying a balance: Carrying a balance on your credit card can lead to high-interest charges and negatively impact your credit score 1.
2. Using most or all of your credit limit: Using most or all of your credit limit can increase your credit utilization ratio, which can negatively impact your credit score 1.
3. Taking cash advances: Cash advances usually come with high fees and interest rates, making them an expensive way to borrow money 1.
4. Making late payments: Late payments can lead to late fees, increased interest rates, and negatively impact your credit score 1.
5. Chasing rewards: Chasing rewards can lead to overspending and carrying a balance on your credit card, which can negatively impact your credit score 1.
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